Tex. Fin. Code § 158.002 · Subchapter A. GENERAL PROVISIONS
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Commissioner" means the savings and mortgage lending commissioner.
(2) "Finance commission" means the Finance Commission of Texas.
(3) "Person" means an individual, corporation, company, limited liability company, partnership, or association.
(4) "Registrant" means a person registered under this chapter.
(5) "Residential mortgage loan" means a loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling or on residential real estate.
(6) "Residential mortgage loan servicer" means a person who:
(A) receives scheduled payments from a borrower under the terms of a residential mortgage loan, including amounts for escrow accounts; and
(B) makes the payments of principal and interest to the owner of the loan or other third party and makes any other payments with respect to the amounts received from the borrower as may be required under the terms of the servicing loan document or servicing contract.
(7) "Residential real estate" means real property located in this state on which a dwelling designed for occupancy for one to four families is constructed or intended to be constructed.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 588 (S.B. 17), Sec. 1, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.158.htm
- Text hash
- sha256 eb5d5cebbbf0d8c695598e9fbcec56dbef2fa160c58dd1b384e7c12f9dd37759
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.